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IT hiring to fall in 2013: Nasscom

Times of India | Posted By : Akhsit Ram|5 years ago |328 Views

Times of India

The additional personnel requirement in the IT sector of the country may come down by nearly 50,000 in the current fiscal as there is a large scale backlog of recruitments last year, IT-BPO industry bodyNasscom said.

"Last year we added 1.8 lakh jobs net. This year it will be 1.3 to 1.5 lakh jobs. Last year there was filling up back logs because we had shrunk our pipeline. We are still the largest employers ofwhite collar sectors of the country which has 3 million young people at the age of 27," Nasscom President Som Mittal told reporters here.

"Secondly, our business is not linear any more. There was time where for every dollar you added so many hours. But today it is IP-led and innovation, which we don't repeat (the job) which is good for the country," he added.

Replying to a query, he said the IT industry is expected to grow at 12 to 14 per cent in dollar terms in the current fiscal.

"This year we will probably add $13 to 15 billion new business in both domestic and exports," Mittal said.

According to him, the IT industry witnessed $76 billion exports and $32 billion domestic business which includes hardware last year. In 2012-13, the industry has grown 10.2 per cent in pure dollar terms and 10.9 per cent in constant currencies and 21 to 22 per cent in rupee term.

On attrition rate of th

e industry, Mittal said it has come down as demand and supply adjusts.

Currently, it hovers in 13-15 per cent on the higher side. Meanwhile, as a next step to its recently launched '10,000 startups' programme, the Nasscom signed a MoU with Hyderabad Angels, TiE Incubator and IIIT Hyderabad Incubator to collaborate and support the creation of a vibrantecosystem to foster technology entrepreneurship in India.

Mittal said that they are inviting of applications from innovative technology startups across the country for an insightful engagement with its accelerator and funding partners.

The Association has already received over 1,000 applications from various budding startups since the launch of the program and is expected to cross over 5,000 startup applications in the next eight weeks.